Nikkei Rises in Asia Markets After Wall Street Boost; BOJ, PBOC Hold Rates

On September 20, 2024, at 12:56 AM ET, Asia-Pacific markets reported mostly positive performance with Japan’s Nikkei 225 experiencing significant gains. This uptick followed a robust performance on Wall Street, which surged overnight due to an unexpected rate cut by the Federal Reserve. Additionally, market participants responded to the People’s Bank of China’s decision to maintain existing rates despite the Fed’s actions, and policies from the Bank of Japan also influenced the markets.

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